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BMW published an increase in first-quarter profit on Thursday. This was due to a reevaluation of the German automaker’s stake in its Chinese joint venture and strong pricing, that kept
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A shortage of semiconductors will remain an issue for the auto industry into 2023, BMW’s CEO Oliver Zipse said in an interview with Neue Zuercher Zeitung (NZZ) published on Monday.
BMW more than doubled pre-covid-19 earnings in 2021 to 16 billion euros ($17.67 billion), the automaker said on Thursday, as higher prices and strong sales of the cars increased revenue
The German automaker BMW said on Tuesday it had halted the export of cars to Russia and is set to stop production on the ground there. The automaker also said
BMW has warned that chip shortage may result in further lost production. There are no signs of abating and supply would remain tight in the second half of the year,
BMW prepares major production cost cuts by the middle of the decade, one of the automaker’s board members said. “We will decrease the production costs per vehicle by 25% by 2025
BMW is going to invest 1 billion euros ($1.17 bln) to construct a new plant in Hungary at a time when an increase in protectionism is forcing automakers to curb
BMW prepares to construct its brand-new 8 series model at its plant in the southern German town of Dingolfing from 2018, reinforcing the site’s role in the production of premium
BMW plans to slash 1 billion euros ($1.14 billion) in indirect procurement expenses by 2019, BMW head of production Markus Duesmann informed the Handelsblatt daily. A BMW representative confirmed the
BMW will look for compensation from Robert Bosch GmbH after missing out on parts for models consisting the bestselling 3-Series sedan caused production interruptions in Germany, China and South Africa.
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